Micron crosses $50 billion in quarterly revenue for the first time

Micron Technology just booked more than $50 billion in revenue in a single quarter. That is the first time the memory chipmaker has cleared the mark. How Micron got to $50 billion On June 24, 2026, the company reported fiscal third-quarter revenue of $41.46 billion, a record at the time. That figure was up 74% from the prior quarter. The year-over-year comparison was even more striking. In the same quarter a year earlier, Micron brought in $9.30 billion, meaning revenue approximately quadrupled in twelve months. Non-GAAP earnings per share for that third quarter came in at $25.11. Management then set the bar higher. Micron guided for fourth-quarter revenue of around $50 billion, plus or minus $1 billion, alongside expected gross margins of about 86%. Micron had scheduled its fiscal fourth-quarter results for release on September 30, 2026, after the market close. The HBM engine behind the surge The driver is not a mystery. Demand for high-bandwidth memory, known as HBM, and other chips built for artificial intelligence workloads has exploded. In technical terms, HBM stacks memory dies vertically and places them next to the processor. That setup moves data far faster than conventiona...